CONSTRUCTION FUNDS CONTROL SERVICES, INC. (CFCS) is a funds administration service company specifically designed to meet the needs of Banks’ Construction Lenders and Sureties. CFCS provides financial controls and risk management tools for our clients as an objective third party administrator. CFCS carefully evaluates and monitors construction projects to ensure that the cost and timeliness of work are consistent with a budget's plans and specifications and that payments are executed properly.
Our Mission
CFCS provides assurance and a level of comfort to construction lenders, project owners, and other key participants in the real estate development process that work has been performed by the contractors engaged to carry out the process of construction. CFCS significantly improves the quality and success of construction lending and surety risk management by leveraging the expertise of a seasoned management team and using best business practices while providing customized services.
Setting New Standards
Our Company has set out to change the construction industry to create an environment where lenders can rely on a third party for timely, accurate and reliable information on their construction loans, knowing they have a professional team working hard on their behalf, both in the office and on the job site.
CFCS is raising the bar in the construction funds control risk management service industry. We have established a reputation for innovation, problem solving, and exceeding every expectation set before us…consistently. Where other companies are content to be simply adequate, CFCS has proven the exception with a long standing track record of excellence. Our success is based on three fundamental differentiators:
- Depth and breadth of our service offerings
- Adaptability to our clients’ needs
- Use of best business practices and technology
Technology that Fits
The real estate development industry is increasingly relying on technology to help meet the competitive challenges of today’s marketplace. We see contractors using it more frequently and with greater proficiency to manage their day-to-day operations. Progressively, financial institutions and sureties are depending on it to provide the added assurance they need to safeguard their investments.
We provide adaptable, internet-based project processing capabilities that ensure accurate, timely information is shared between lenders, sureties, contractors and consultants in every phase of the construction project. For example, by employing the most widely-used Microsoft products and related applications, we give project participants the freedom to deliver and receive data without compatibility issues. Additionally, we make this information available in standard but flexible reporting formats to everyone with a vested interest in the project. Whatever our clients’ preferences and processes are CFCS' technology “fits” their needs.